Bitcoin Hits $64K, Yet One Indicator Says It’s Still Very Undervalued
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Bitcoin jumped to $64,000 for the third time in the past day as crypto markets rally, testing whether a sustainable breakout will follow. The S&P 500 hit a new all-time high as markets price in a potential US-Iran deal after President Trump set a deadline for tomorrow, tying bitcoin's recent gains to macro and geopolitical developments and creating short-term upside with reversal risk if talks fail.
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Alongside the US stock market, bitcoin’s price is on the move on Tuesday, jumping to $64,000 for the third time in the past day or so. The question now is whether it will have more success this time.
The S&P 500 just hit a new all-time high as US President Donald Trump continues to claim that his country will reach a deal with Iran, after giving the latter until tomorrow to fold. Markets are currently riding high on the hopes of a more sustainable deal and a major de-escalation.
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In This News
Coins
$ 63.65K
+0.80%Predictions Markets
See what traders are focused on
Share:
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